WHISKY INVESTMENT FRAUD CHARGES

Published: 23 July, 2008

By Jim Budd

Stephen Richard Jupe, a director of Marshall Wineries, appeared at Bow Street Magistrates Court on 12 June charged on three counts of fraud and one count of breaching company law. Jupe, 49, of Wittering Close, Kingston-upon-Thames, was bailed to appear on 17 July. Jupe was a director of Securitised Syndicated Investments Ltd, which traded from southwest London as Marshall Wineries. It was one of the first companies in the 1990s to offer barrels of whisky as an investment. Marshall Wineries was founded in August 1993 and principally offered casks of Grandtully, from the Speyside Distillery Company Ltd. The company went into liquidation in December 1996 with a deficiency of 700,000 and was wound up on petition of the DTI in March 1997. Jupe was also a director of a separate company, Marshall Wineries Ltd. He was disqualified as a director from August 2000 to July 2006. Jupe has been charged with intent to defraud customers and creditors of Securitised Syndicated Investments Ltd, as well as carrying on the business of Marshall Wineries Ltd for a fraudulent purpose, and acting without leave of court as a director of Marshall Wineries Ltd'. Jupe's solicitor said his client will plead not guilty.

Printer friendly version